代写Econ 4130 Midterm 2调试R语言程序
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SP22 Econ 4130--Cooper
Part 1—Multiple Choice: Choose the 1 best answer, 2 points each.
1. In Guns, Germs, and Steel, Episode 2, did Ataxalpa, the Incan leader, underestimate or overestimate the threat of the conquistadores?
A. Underestimate
B. Overestimate
C. Both
D. It was unclear
2. What advantages did horses provide the Conquistadors?
A. Speed: could run down the Inca in the open
B. Platform. for battle
C. Intimidation as Inca had never seen such powerful beasts
D. All of the above
3. Which of the following is NOT an example of a poor French domestic economic policy?
A. The College of the Fishery
B. Over-regulation
C. Sales of offices
D. All of the Above were poor economic policies of the French Crown.
4. Which of the following was NOT a way the Spanish repudiated their debt?
A. Extended the term of bonds
B. Suspended interest
C. Wrote down principle
D. All of the above were ways they repudiated the debt
5. Which of the following was NOT given as a reason for the Great Divergence?
A. A series of calamities resulted in the loss of Chinese Iron making
B. Chinese Mines were dry, which meant mining coal was avoided; meanwhile British mines were wet leading to the invention of the steam pump/engine.
C. Chinese stoves were less efficient than those in Europe
D. All of the Above were reasons for the Great Divergence
6. Why was the Price Revolution bad?
A. Erosion of value of wealth holding
B. Decline in purchasing power of wage earners
C. High prices for food
D. All of the Above
7. According to Nathan Nunn the Atlantic Slave trade had the following effects EXCEPT
A. Increased cooperation of diverse groups
B. Lower government development in the 19th century
C. Lower per capita incomes in the 20th century
D. All of the above were cited as effects by Nunn
8. In the North and Thomas' "Economic Theory of the Growth of the Western World", which of following is NOT an example of things that decreased transaction costs?
A. Less piracy due to stronger navies.
B. Trade Networks
C. Lower populations due to the plague
D. All of the Above resulted in decreased transaction costs
9. Which of the following was the least developed during the Renaissance?
A. Germany
B. Italy
C. Russia
D. Sweden
10. Which of the following was a reason why Renaissance Christianity fostered growth versus classic beliefs?
A. Anthropocentrism
B. God seen as rational
C. Spirits not seen as enmeshed in nature
D. All of the Above
11. Which innovation allowed for iron to be smelted with coal instead of charcoal?
A. The Flying Shuttle
B. The Mule
C. Cort's Furnance
D. Watt's Engine
12. Which of the following was NOT a result of the New Husbandry?
A. Increased divorce rate
B. Better fed livestock produced more manure
C. Fallow was eliminated
D. Soil renewed by nitrogen fixing crops
13 Which of the following was not a way in which Britain's geography favorable for industrialization?
A. Accessible deposits of iron and coal
B. Being an island isolated them from the land wars of the rest of Europe.
C. Favorable conditions for growing cotton.
D. Good access to water transportation.
14. Which of the following is a reason why double entry bookkeeping was important?
A. Standard way of evaluating the financial position of a firm.
B. Necessary for the development of credit markets.
C. Allowed for absentee ownership and thus larger firms
D. All of the Above
15. What do data on wages during the Industrial Revolution show?
A. Wages grew throughout the First Industrial Revolution.
B. Wages fell during the First Industrial Revolution.
C. Wages did not rise until late in First Industrialization
D. There is no data available.
Part 2—Short answer: 5 points each.
1. In the dual sector model discussed in class what industries were in the traditional sector during the 1st IR? What industries were in the modern sector?
If 90% was initially in the traditional sector and it grew at 2% per year, and 10% was in the modern, growing at 5% per year, what percentage would be in each sector after 15 years (table below)?
What would be the growth rate of the entire economy in that 15th year?
2. Using (thoroughly labelled) graphs, show how the Consumer Revolution led to the Industrial Revolution and explain the role of the “Industrious Revolution”.
Part 3—Critical Thinking: 1-10 point essay. Rubric on next page.
Based on our study of the First Revolution, what 2 policies would you recommend to a country stuck in persistent poverty which has not yet industrialized? Defend your answer as to why these policies are important with details from the course.